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The Reveal: How the Championship and Quests Work

The Reveal: Championship & Quests Guide

Complete guide on how Quests, Gems, the Championship and prizes work

From 9 December to 10 March, The Reveal Championship takes place. Every activity completed in these weeks can earn you Gems and help you climb the leaderboard, but only if you remember to claim them. Otherwise, they will be lost when the Quests refresh.

Differences Between Championship and Tournaments in Brief

The Reveal competition runs on two parallel tracks: the Championship and the Tournaments.

The Championship is the overall leaderboard based on the total number of Gems accumulated throughout the competition; the winner is the one who demonstrates consistency and strategy.

In fact, the most significant prizes – such as the Rolex Submariner, the KTM Duke 125, and tickets to the F1 Monza Grand Prix – are awarded here to the top 20 ranked players.

The Tournament, on the other hand, is a series of mini-competitions that renew every fortnight. Don’t know the Tournament rules? Find all the info at this link: The Reveal: How Tournaments and Tickets Work.

This guide focuses on how the Championship works. We’ll explain how to get Gems, climb the leaderboard, and maximise every opportunity to get closer to the podium – or at least the top 20.

If you’re serious about winning, this is where you start.

What Are Quests?

Quests are activities you can perform directly on the Young Platform app. Each completed Quest allows you to earn Gems, the fundamental unit for climbing the leaderboard or obtaining Tickets valid for the lottery.

Championship Quest Categories: Watch Their Duration

In the Championship, not all Quests are created equal: they can be unique, meaning that a specific Quest will not appear again, or repeatable, meaning they are cyclical.

In addition to varying in frequency of appearance, Quests are divided into three other main categories, designed to reward those who tackle The Reveal with determination.

They can be:

  • Daily: Available in the App for 24 hours, allowing you to accumulate Gems quickly.
  • Weekly: Remain active for 7 days because they are more complex than daily ones. For this reason, once completed, you will be entitled to a higher Gem reward.
  • Permanent: Last for the entire competition and are tied to the Championship.

Warning! Most Quests require a Manual Claim! So remember to redeem the Gems once the Quest is completed: when it expires, the associated Gems “expire” too – and disappear with the Quest.

What Are Gems Used For?

Gems have two fundamental functions. Firstly, they boost your score in the general leaderboard, called the Championship. The more Gems you accumulate, the higher you climb.

Secondly, they unlock Tickets. On this point, pay attention because the Ticket issuance mechanism has changed: while with The Unbox, you earned a Ticket for every 100 Gems accumulated, for The Reveal, we have built a tiered system, as follows:

  • Tier 1 – from 0 to 500 Gems accumulated: 1 Ticket every 30 Gems
  • Tier 2 – from 501 to 1,500 Gems accumulated: 1 Ticket every 100 Gems
  • Tier 3 – from 1,501 to 3,000 Gems accumulated: 1 Ticket every 200 Gems
  • Tier 4 – from 3,001 Gems accumulated onwards: 1 Ticket every 300 Gems

To summarise, the more Gems you possess, the more “expensive” it will be to obtain Tickets. Why this change? To democratise the game and allow more people to participate in the prize draw.

Clearly, Gems are non-transferable and cannot be converted into cash: they are valid only within the competition.

How Do You Participate in the Championship?

To participate in the championship (i.e., the general Gem leaderboard), you must:

  1. Download or update the Young Platform app.
  2. Log in or register for your personal account.
  3. Sign up for The Reveal in the app and accept the rules.
  4. Complete Quests to collect Gems.

The leaderboard is unique and updates in real-time. At the end of the competition, the top 20 ranked users will receive the main prizes. In the event of a tie, the winner is whoever reached the score first.

How Do You Win Championship Prizes?

Prizes up for grabs:

  • 1st Place: Rolex Submariner No Date
  • 2nd Place: KTM 125 Duke 2025 Motorbike
  • 3rd Place: MacBook Pro 14″
  • 4th Place: 2 F1 Monza 2026 Tickets (Grandstand 5 Piscina)
  • 5th Place: iPhone 17 Pro
  • 6th Place: MacBook Air 13″
  • 7th Place: iPhone 17
  • 8th Place: Apple Watch Ultra 3
  • 9th Place: Google Pixel 10
  • 10th Place: 1 F1 Monza 2026 Ticket (Grandstand 5 Piscina)
  • 11th Place: Garmin Venu 4 (41 mm)
  • 12th Place: €500 Amazon Voucher
  • 13th Place: €500 Volagratis Voucher
  • 14th Place: Samsung Smart TV 50″ Crystal UHD 4K
  • 15th Place: Sony WH-1000XM5 Headphones (Noise Cancelling)
  • 16th Place: €300 Volagratis Voucher
  • 17th Place: €250 Amazon Voucher
  • 18th Place: €200 Volagratis Voucher
  • 19th Place: €150 Amazon Voucher
  • 20th Place: €100 Volagratis Voucher

How Do You Earn Extra Gems with YNG?

Throughout the duration of the Championship, anyone who holds YNG in their main Wallet on the Young Platform receives a weekly Gem bonus. It is an automatic recognition for those who support the project and choose to hold the YNG token.

Warning: YNG tokens locked for Club membership are excluded from the calculation. Only those held freely in the main Wallet are counted.

The operation is simple and meritocratic: every week, the amount of YNG you possess is detected, and based on that, you are assigned several extra Gems. No manual actions or Quests to complete are needed: the Gems arrive directly in your balance.

There are 7 bonus levels, each tied to a holding bracket. If you buy a new YNG and level up, the number of weekly Gems will increase. Conversely, if you sell or transfer YNG, you could drop a level and receive fewer Gems the following week.

The system is dynamic: each week, you can go up or down based on your wallet movements.

How Can You Earn Gems Outside the App?

With Zealy, you can complete social micro-activities (liking posts, following official Young Platform profiles, commenting, participating on Discord) and convert actions into points, which then transform into Gems to use in the competition.

A useful shortcut for those new to trypto who want to start simply.

If you want to know more, find the dedicated article here: Zealy, the “secret” key for The Reveal competition.

How to Receive Prizes

To receive prizes, you must complete identity verification (KYC) to activate your Young Platform account as a current account.

Without this step, even if you are a winner, you will not be able to redeem prizes.

Ready?

The Reveal is much more than a competition: it is a gamified ecosystem designed to engage you, reward your consistency, and entertain you whilst you discover the Young Platform universe.

Whether you are competitive or curious, every Quest can become an opportunity. And every Gem can bring you closer to a tangible prize.

All that’s left is to sign up, start completing Quests, and monitor the leaderboard.

You have everything you need to play it to the end. And if you have a bit of YNG set aside… You might already have an advantage.

Information regarding the YNG Token is for informational purposes only. The Token does not represent a financial instrument. The purchase and use of the YNG Token involve risks and must be carefully evaluated. This does not constitute a solicitation for investment, nor a public offering under Italian Legislative Decree no. 58/1998.

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The Reveal: how Tournaments and the Ticket System work

In The Reveal competition, there are two main paths to victory: the Championship and the Tournaments.

Think of the Championship as a marathon: it’s the general leaderboard based on consistency and the total Gems accumulated throughout the entire competition. The Tournaments, on the other hand, are competitive, theme-based sprints held every two weeks, offering access to exclusive prizes through a ticket lottery.

While the leaderboard rewards endurance, Tournaments reward strategy and speed. Crucially, everything resets each time. In this article, we’ll uncover the new Ticket allocation system, how to enter Tournaments, and why every single Gem counts more than ever before.

Tournament Dates: Six Chances to Win

Each Tournament lasts for a fortnight (two weeks). In total, there are six Tournaments:

  • Tournament 1: 9 December – 23 December 2025
  • Tournament 2: 23 December – 6 January 2026
  • Tournament 3: 6 January – 20 January 2026
  • Tournament 4: 20 January – 3 February 2026
  • Tournament 5: 3 February – 17 February 2026
  • Tournament 6: 17 February – 10 March 2026

Each Tournament has its own prize draw with different prizes. All draws will take place collectively after 10 March 2026, in the presence of a notary.

How Do Tickets Work? The “Tiered” System

In The Reveal, the ticket allocation system has been designed to be fairer and more dynamic. The principle is simple: starting is effortless, but reaching the summit requires dedication.

Here is how the Tier System works:

  • Sprint Start (Tier 1): For your first tickets, you only need 30 Gems! This allows you to jump straight into the competition and rack up your first chances to win very quickly (valid up to 500 accumulated Gems).
  • Standard Phase (Tier 2): Once you pass the first threshold, the cost stabilises at 100 Gems per ticket (from 501 to 1,500 Gems).
  • Advanced Phase (Tier 3): If you keep pushing, the game gets tougher. The cost rises to 200 Gems per ticket (from 1,501 to 3,000 Gems).
  • Elite Phase (Tier 4): For the true “serial accumulators” who surpass 3,000 Gems, each ticket will cost 300 Gems.

This system is designed to give everyone a concrete chance of winning. With the initial cost reduced to 30 Gems, anyone can secure a decent number of tickets with just a few quests. At the same time, heavy hitters will still have more chances, but without monopolising the entire lottery, ensuring a more balanced competition.

Golden Rules for Tickets:

  • Total Reset: Tickets and Tiers reset at the end of every Tournament. If you finish a Tournament in “Tier 3”, you will start the next Tournament back at “Tier 1” (30 Gems per ticket).
  • Validity: Tickets are only valid for the prize draw of the specific Tournament in which you earned them.
  • Probability: The more tickets you hold in a single Tournament, the higher your mathematical probability of being drawn.

To track your progress and see how many Gems you need for your next ticket, check the progress bar in the “Your Tournaments” section of the app.

Timed Quests: Fuel for Your Tickets

Every Tournament is brought to life by timed quests. These quests can be daily or weekly and may change throughout the two weeks.

With the tiered system, completing the early quests is vital: the Gems you earn immediately are “worth more” in terms of tickets than those earned later on!

Warning: Most quests require manual claiming. If you forget to confirm them, you won’t receive the Gems, and you’ll miss the chance to get tickets.

YNG Hodler Boost: The Strategic Advantage

Inside the Tournaments section, you’ll also find the YNG Hodler category, designed for those holding the YNG token in their main Wallet on the Young Platform.

Every week, based on the amount of YNG you hold, you automatically receive an extra Gem bonus. These Gems are added to those from quests, allowing you to get extra tickets with no additional effort. It starts at Level 1 with 100 YNG held.

Remember that your level is updated weekly: you can move up (if you buy YNG) or down (if you sell or transfer YNG).

Surprise Prizes: The Reveal

As the name suggests, mystery is part of the game. Each Tournament has a different theme and unique prizes that are revealed only the day before the Tournament starts on our official channels:

  • Young Platform Instagram Profile
  • X Profile (formerly Twitter)
  • Official Blog

Following our social channels is essential to discover in advance whether the week’s theme is the right fit for you (Gaming? Travel? Tech?) and to get ready to sprint out of the gate.

Tournament or Championship? Both.

The Reveal Tournaments and the Championship run in parallel. The Gems you collect have a double value:

  1. They help you climb the general leaderboard of the Championship.
  2. They are converted into tickets for the active Tournament lottery (according to the tiered system).

A completed quest brings you closer to the final leaderboard prizes and the bi-weekly Tournament prizes simultaneously.

Good luck with The Reveal!

Information regarding the YNG Token is for informational purposes only. The Token does not represent a financial instrument. The purchase and use of the YNG Token involve risks and must be carefully evaluated. This does not constitute a solicitation for investment, nor a public offering under Italian Legislative Decree no. 58/1998.

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Corporate welfare: what is it and how does it work?

Corporate Welfare: what it is and how it works

What is corporate welfare, and how does this valuable tool improve employee well-being? 

If you’re curious about corporate welfare and how it functions, you’re in the right place! Corporate welfare refers to the non-monetary benefits a company provides to enhance the quality of life for its employees.

It’s essential to focus on corporate welfare, its operations in 2023 and its main goal: improving the well-being of employees and their families. In addition to offering various benefits, corporate welfare can contribute to increased company performance, which often correlates directly with employee well-being. 

So, what exactly is corporate welfare, how does it operate in practice, and what are the most valuable and popular initiatives in our country? We will address all these questions in this article!

Corporate Welfare: How Does It Work?

The simplest definition of “corporate welfare” refers to various activities designed to enhance the overall well-being of a company’s employees and their families. This includes initiatives that increase employees’ purchasing power and promote a healthy work-life balance. When implemented thoughtfully and intentionally, these actions can significantly improve the corporate environment and boost employee motivation and performance.

To better understand corporate welfare, let’s examine its applications and explore some popular initiatives. Examples include meal vouchers, shopping vouchers, company cars, and tailored insurance plans. We will discuss these details further in the final section. First, let’s examine the benefits of these types of initiatives.

Benefits for Employees and Companies

A well-structured corporate welfare plan offers numerous advantages for both employees and companies. Improving the corporate environment enhances employees’ motivation and productivity. When employees feel that the company genuinely cares about their psychological and physical well-being, they feel more valued and are better able to achieve common goals with less stress.

This enhanced employee satisfaction also benefits the company, increasing performance and productivity while making it more attractive for talent retention and recruitment. According to the SME Welfare Index Report 2022, companies with a high level of corporate welfare report greater profits compared to those with basic welfare approaches. The research highlighted by Forbes from 2019 to 2022 shows that companies providing benefits to their employees experienced a median turnover increase of 37%, more than double the 18% increase in companies without welfare programs. Furthermore, decreased absenteeism and reduced employee turnover are often indicators of the effectiveness of a corporate welfare plan.

Fiscal Advantages

Understanding the tax benefits associated with corporate welfare initiatives is essential to understanding how they operate. Article 51 of the Testo Unico delle Imposte sui Redditi (TUIR), the primary legislation governing this area, guides companies that use National Collective Labour Agreements (CCNL) and wish to retain the associated benefits.

The main advantage of these initiatives is that, depending on the specific CCNL, costs incurred in providing welfare services can be partially or fully deductible. This deduction helps reduce a company’s taxable income.

In some cases, offering benefits, reimbursements, or vouchers may be mandatory for companies. Such requirements typically arise from stipulations found in the relevant CCNL or company regulations, especially in the following sectors:

  • Metalworkers
  • Telecommunications workers
  • Goldsmiths and jewellers
  • Nursing home staff
  • Care workers

Corporate Welfare: The Most Popular Benefits

To effectively understand corporate welfare and its functionality, we can outline our country’s most common benefits or perks. In recent years, the number of companies that have already implemented or are in the process of establishing a welfare plan for their employees has been rapidly increasing.

Meal Vouchers 

Meal vouchers are by far the most popular corporate welfare benefit.  According to an IPSOS survey, 70% of Italian companies provide employee meal vouchers. These vouchers have recently become more advantageous, as the deductibility ceiling was raised from €7 to €8 for the digital format following the approval of the Budget Law 2020.

Vouchers 

This benefit is highly requested, with 52% of surveyed employees expressing a preference for vouchers. Data from Edenred indicates that voucher issuance increased by 30% from 2019 to 2020, and this trend continues.

The appeal of this welfare option lies in its significant tax benefits. For employees, gift vouchers valued at less than €258.23 (for those without children) and €3,000 (for those with children) are not taxable. The costs related to providing this benefit are fully deductible for employers as they are classified as employment expenses, whether as fringe benefits or as rewards and incentives.

Additionally, this type of corporate welfare is popular because it allows employees to choose how to spend the funds they receive.

If you are a business owner, consider distributing Young Platform vouchers to your employees or offering this option as an alternative. This approach enhances their well-being and helps them maintain their purchasing power over time, which can be impacted by inflation and the devaluation of the euro, primarily through crypto investments.

Technological Devices 

This category encompasses all necessary tools, such as PCs and smartphones, provided to employees to help them perform their tasks effectively. According to IPSOS, 38% of companies supply their employees with the essential software and hardware they need. This practice has grown significantly in response to the rise of remote working.

Insurance Policies and Healthcare 

Corporate welfare initiatives can also take various forms, including health insurance, reimbursement of medical expenses, access to free or discounted healthcare services, and life insurance.

Company Car 

This benefit refers to a vehicle granted for business use, which does not usually impact tax and contribution obligations. Sometimes, the car may also be available for personal use, and taxation is applied based on a conventional value. These examples illustrate the types of benefits companies provide, helping clarify corporate welfare and its operation. If you want to learn more about distributing vouchers to your company’s employees through Young Platform, please contact the team at [email protected].

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Young Platform Pro: what’s new in the update and the benefits for users

young platform pro v4

Young Platform Pro is undergoing a significant update that brings new features and improvements for a smoother and more efficient trading experience. Key updates include a redesigned interface, advanced order management, and a new API version that enhances speed and operational efficiency.

Let’s look at what’s changing and how users can benefit.

A More Intuitive and Functional Interface

New Homepage and Pairs Page

This update features a redesigned homepage and an enhanced Pairs page, offering more comprehensive market insights for faster and easier access to essential trading information.

Improved Desktop Adaptability

The desktop interface has been optimised for a smoother experience, providing better screen size and resolution adaptability.

Enhanced Order Book Data and Order Clarity

Several improvements have been made to refine how market data is displayed:

  • Enhanced order book data visualisation
  • More precise positioning of limit orders
  • Improved pair selector with more details and new categories for different coins

These updates make it easier to access market data, enhancing user decision-making.

Upgraded TradingView Chart

The TradingView chart now allows users to:

  • Hide open limit orders
  • View historical trade positions

This enables traders to customise their views and focus on the most relevant information.

More Detailed Order Management

Users can now see individual trade executions within orders, providing a more precise and detailed overview of their transactions.

Faster Shortcuts Between Wallet, Orders, and Trading Area

Navigation between wallets, orders, and the trading area has been streamlined with improved shortcuts, reducing the time needed to switch between sections.

Easier “Dust” Management

Users can now efficiently manage dust (small crypto balances) by converting it into Young (YNG) tokens, simplifying wallet maintenance.

API Update: Improved Performance and Speed

For advanced traders and developers, the new version of the Young Platform Pro API brings essential improvements.

New Features in API v4

  • Updated transaction models
    The new API efficiently handles all transaction types, offering greater flexibility and accuracy. 
  • 30% Reduced Latency for Trading Operations
    Placing and cancelling orders now come with at least 30% lower latency, ensuring faster and more efficient trading.
  • WebSockets Support
    WebSockets enable real-time updates for market data and orders, providing a more dynamic and responsive experience.

Impact on Services

  • Markets → Faster market data updates
  • Trading → Quicker order execution
  • Transactions → Improved transaction management models

Transition Timeline

From May 31, 2025:→ API Key creation for version 3 (v3) will no longer be available
From June 6, 2025:→ API v3 will be discontinued – migrating to v4 is required to avoid service interruptions

Get Ready for the Change

The Young Platform Pro update significantly improves the platform, making it faster, more intuitive, and highly functional.

For API users, transitioning to v4 is essential to ensure seamless operations and take advantage of the latest optimisations.

Useful Resources

REST API Documentation → Postman Docs

Examples & WebSockets → GitHub Repository
With these updates, Young Platform Pro solidifies its position as an innovative platform that provides advanced tools to improve trading efficiency and performance.

Information regarding the YNG Token is for informational purposes only. The Token does not represent a financial instrument. The purchase and use of the YNG Token involve risks and must be carefully evaluated. This does not constitute a solicitation for investment, nor a public offering under Italian Legislative Decree no. 58/1998.

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Mario Draghi: seven factors endangering the future of the European Union

Mario Draghi returned to his report on European competitiveness. Today, five months after its publication, it is incredibly late. Here are seven reasons.

Mario Draghi returned to his report on European competitiveness. On Tuesday, 18 February, speaking at the European Parliament, he reiterated the urgent reforms proposed in the document published five months ago. Indeed, with the new geopolitical and economic context, the critical issues highlighted are even more pressing.

For Draghi, the future of the European Union depends on its ability to act as a single economic entity, reduce internal fragmentation, and face global challenges with greater cohesion. However, the path will be complex and involve all key economic aspects: research, industry, trade and finance.

Here are the seven main factors that are endangering Europe’s future from an economic point of view.

1. Europe is practically absent in the fight for artificial intelligence

The first point Draghi raised concerns Artificial Intelligence (AI). The former ECB president pointed out that progress in this area has been impressive: AI algorithms have reached accuracy levels close to 90 per cent in scientific benchmarks, and the costs of training models have been drastically reduced.

Despite this, Europe is almost absent from global competition. Eight of the ten leading companies in the sector are from the US, and the other two are from China. Without targeted investments and a clear industrial strategy, Europe risks falling behind in one of the most strategic sectors for the economy’s future.

2. Energy prices are unsustainable

Energy prices in Europe remain two to three times higher than in the US, creating a substantial competitive disadvantage for European companies.

During the energy crisis in 2022, the price of electricity in Germany increased more than tenfold compared to normal levels. Although the situation has improved, the European industry’s dependency on external suppliers and the slow energy transition remainsignificantr problems.

3. Trade war against the US is imminent

Draghi identified US trade policy as a real threat to the European economy. Should Donald Trump return to the White House, new tariffs on European products are almost inevitable, putting the continent’s exports at risk.

Moreover, trade restrictions against China are already causing Chinese products to invade European markets, directly affecting local industries.

4. Europe is its own greatest enemy

Mario Draghi then spoke of stagnation, the European economy growing much more slowly than in other regions. One main reason is the absence of a truly integrated single market. According to the International Monetary Fund, internal barriers within the European Union amount to 45% tariffs for the manufacturing sector and 110% for services.

Start-ups and innovative companies often prefer to move to the US rather than grow in Europe due to the red tape and lack of access to capital. Draghi emphasised that the EU must simplify its regulations and promote a plan to harmonise national laws to enable companies to compete globally.

A significant example is GDPR, the European Data Protection Regulation, which, according to some estimates, has increased data management costs for European companies by 20%.

5. Capital markets suffer

Europeans, and mainly Italians, are among the world’s biggest savers. However, these savings are not invested in innovation but mainly in bank accounts, allowing credit institutions to generate profits without contributing to the technology sector’s growth.

Every year, around USD 300 billion remains in the coffers of lending institutions while start-ups struggle to raise capital to expand. Draghi believes that creating a more efficient capital market favouring innovative companies’ financing is necessary.

7. The legislative process is too slow

Draghi pointed out the European Union’s average time to adopt new regulations is 20 months. Such a delay is incompatible with the pace of technological innovation and economic change.

“If it takes us 20 months to legislate, we are already out of date before implementation,” said the former ECB president. This problem is particularly evident in the digital sectors, where the US and China can adapt their regulations quickly to foster the growth of emerging industries.

8. The decisive turning point

Finally, Draghi pointed out that the European Union continues to act as a coalition of states rather than as a single economic and political entity. An obvious example is the defence sector, where systems are not interoperable, and no common standards exist.

The lack of coordination between member states limits Europe’s ability to protect its interests and support the growth of local companies. “If we want to defend our borders, make our companies prosper and secure a future for European citizens, we have to start acting as one nation,” Draghi said.

Mario Draghi’s competitiveness report highlighted more current challenges than ever. If Europe wants to maintain a leading role in the global economy, it must tackle these problems head-on.

The alternative is clear: continue to lose ground to the US and China, with negative consequences for businesses, workers and the continent’s future.

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Cryptocurrencies in business services. Opportunities and challenges for companies.

business services young platform

Discover how Young Platform can enhance your business through cryptocurrencies. Explore our range of business services.

Businesses are rapidly adopting Bitcoin and other cryptocurrencies. Merchants, large corporations, and institutions are embracing these digital assets for various reasons, including investment opportunities, operational optimization, and direct customer engagement.

Businesses range from small merchants accepting cryptocurrency payments to large corporations integrating Bitcoin into their treasury operations to hedge against inflation and economic instability, taking advantage of this scarce, anti-inflationary asset. Furthermore, thanks to specialized service providers, cryptocurrency can now be used to purchase various goods and services, including cars, houses, airline tickets, groceries, and much more.

Innovation is thriving in various sectors, especially in sports. Organizations like the NBA and football teams such as Juventus are utilizing tokens to engage with their fans, providing opportunities for them to vote and interact with the club. Meanwhile, asset tokenization is transforming industries like real estate and art, creating new investment avenues.

Cryptocurrencies represent a new frontier in digitizing value, offering exceptional opportunities across multiple fields. Companies like Young Platform, a Turin-based cryptocurrency exchange, have created customized B2B services designed to help businesses, institutions, and non-profit organizations maximize the advantages of the crypto market. These services include strategic investments, payment optimization, and effective fundraising tools.

This article will explore how your company can integrate cryptocurrencies into its business strategy, taking advantage of opportunities while addressing any challenges with a clear and prepared vision. To successfully navigate this new era, companies should consider three fundamental questions:

1. What benefits can cryptocurrencies bring to my company?

2. Why do we want to adopt cryptocurrencies?

3. What factors must we consider to ensure a safe and effective implementation?

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What can cryptocurrencies do for my company?

Adopting cryptocurrencies can provide significant advantages and create new opportunities for your company. Firstly, cryptocurrency users tend to belong to a cutting-edge demographic: they are tech-savvy, innovation-focused individuals who typically have above-average disposable income. This target audience, which favors premium and luxury services, presents an appealing niche for companies seeking to position themselves as innovative and forward-thinking.

Moreover, embracing cryptocurrencies is a strategic move to attract this audience and aligns your company with a European context where central bank digital currencies (CBDCs) are developing. Currently in the testing phase, these instruments could become integral to the digital economy in the coming years. Thus, adopting cryptocurrencies is a proactive step towards an already unfolding future.

Cryptocurrencies offer innovative features and serve as a promising investment option, providing a digital liquidity alternative. They present opportunities to enhance traditional treasury functions, particularly international money transfers, which often incur high costs and lengthy processing times. Utilizing cryptocurrencies can significantly reduce these inefficiencies, allowing for better management of corporate capital and helping to mitigate the risks posed by inflation, which can erode cash value over time.

The long-term investment potential of cryptocurrencies is evident, especially considering Bitcoin’s exponential growth. Bitcoin has achieved remarkable peaks in recent years, solidifying its status as a valuable asset.

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Three key aspects of integrating cryptocurrencies into business

If your company plans to incorporate cryptocurrencies into its business strategy, you must consider three key elements:

Long-term perspective

Cryptocurrencies are characterized by their volatility, which can pose significant risks in the short term. Therefore, it is advisable to view them as long-term investments, enabling more thoughtful decisions and reducing exposure to sudden fluctuations.

Regulation and compliance

Adopting cryptocurrencies necessitates careful consideration of European and tax regulations. For instance, the Markets in Crypto-Assets (MiCA) regulations oversee the cryptocurrency market, while Italy’s 2023 Budget Law addresses the taxation of capital gains from such investments. Understanding and complying with these regulations is crucial to avoid potential legal or tax problems.

What is MiCA, and what does the European regulation mean for crypto?

Transaction optimization

Cryptocurrencies provide exceptional efficiency for business-to-business transactions. Their decentralized nature allows for a significant reduction in transaction costs—up to 5,000 times lower—and greatly enhances execution speed—up to 430,000 times faster. This makes them an ideal option for conducting business transactions globally.

Enabling cryptocurrency payments: the ‘Hands-Off’ approach

Why do we want to adopt cryptocurrencies? 

Many companies adopt cryptocurrencies primarily to facilitate payments without directly managing digital assets. This ‘hands-off’ approach involves automatically converting received cryptocurrencies into fiat currency through a specialized B2B service provider, allowing companies to keep cryptocurrencies off their corporate balance sheets.

By adopting this model, which utilizes cryptocurrencies such as stablecoins (pegged 1:1 to the value of the euro and dollar) or layer two solutions, businesses can quickly enter the world of digital assets. This strategy enables companies to accept cryptocurrency payments, reach new customer segments, and increase transaction volume without significantly changing their operational structures or directly handling the technical complexities associated with cryptocurrencies.

Because cryptocurrencies are converted into fiat currency immediately, they do not appear on the company’s financial statements. This method simplifies tax matters and reduces exposure to the cryptocurrency market’s volatility. 

Third-party providers, such as Young Platform, handle conversions, payments, and technical and compliance issues. These include adhering to anti-money laundering (AML) regulations and customer verification (KYC) procedures when opening a Business Wallet for your company. While the company can delegate these tasks, it must still comply with current regulations.

Read more on this topic:

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Integrating cryptocurrencies into the Treasury 

When a company goes beyond merely enabling cryptocurrency payments, it can implement more advanced strategies to incorporate digital assets into its operations and treasury management. These strategies may include accepting cryptocurrency payments without automatically converting them to fiat currency or allocating a portion of the corporate treasury to cryptocurrencies like Bitcoin.

Bitcoin, the first cryptocurrency, has been one of the best-performing assets of the past decade. It has also shown remarkable resilience during economic crises, such as the COVID-19 pandemic. Using cryptocurrencies as a reserve in the treasury has become a popular strategy to combat the effects of long-term inflation. 

For example, in the past 10 years, Apple has lost $15 billion due to inflation—an issue that assets like Bitcoin could help alleviate.

Treasury Management

Cryptocurrencies held for treasury purposes are managed through digital wallets (business wallets), which require a robust structure to ensure security and accessibility. 

1. Hot Wallet: This type of wallet is used for everyday transactions, providing quick access to cryptocurrencies.

2. Cold Wallet: This wallet is utilized for long-term holdings and protects assets by keeping them offline, offering greater security.

Young Platform employs Fireblocks, one of the most advanced and trusted custody platforms globally, for its custody services. By adopting a multi-layered structure that combines hot wallets for daily transactions with cold wallets for long-term custody, Young Platform ensures optimal protection against potential threats. Additionally, it follows a one-to-one custody model, guaranteeing that customers’ cryptocurrencies are never lent out or used for other purposes.

Tax and compliance aspects

Adopting cryptocurrencies comes with fiscal responsibilities that need to be managed effectively. To assist with these complex issues, third-party providers like Young Platform offer tailored support to business customers looking to integrate cryptocurrencies into their operations. Each business is assigned a personal account manager who helps develop and implement a customized strategy from the options available in our B2B Hub. This includes managing cryptocurrency payments, either by holding them as digital assets or converting them automatically into fiat currency.

Additionally, the account manager helps create a long-term treasury strategy, which is valuable for optimizing the management of digital assets and achieving specific financial goals. 

Young Platform also features an integrated tax hub that provides all the necessary documentation for tax reporting and offers personalized advice from experienced accountants in the cryptocurrency sector. This service ensures compliance with current regulations and minimizes companies’ risks and operational challenges.

For more on this topic:

Download the treasury report

From Peer-to-Peer Value to Decentralised Finance

Cryptocurrencies represent a significant revolution by enabling peer-to-peer value transfers without intermediaries. This unique feature naturally led to their initial application in finance, resulting in a complex and dynamic market known as Decentralized Finance (DeFi).

Within the DeFi space, users can access services that were once exclusive to the traditional financial system, such as earning interest, taking out loans, and managing wealth. These transactions occur through decentralized protocols, using blockchain technology to ensure transparency, security, and automation—all without the involvement of central institutions.

Third-party providers have intuitive infrastructures and user-friendly interfaces for companies looking to explore DeFi securely and straightforwardly. These tools enable even those without technical expertise to access DeFi services without navigating the complexities of the underlying protocols.

One example of this is staking services, which provide companies with an easy way to convert passive resources into productive assets and create new streams of passive income.

What is Staking?

Staking, in its simplest form, involves locking cryptocurrencies in a protocol to help support the network. This process contributes to the security and validation of transactions while allowing the cryptocurrencies to remain the user’s or company’s property. During the staking period, these assets are temporarily unavailable for other transactions.

Participants are incentivized to stake their cryptocurrencies through periodic rewards, similar to earning interest. The Annual Percentage Yield (APY) can vary widely depending on the protocol, ranging from 3% to over 20%. 

Another advantage of staking on Young Platform is flexibility. If liquidity is needed, the release time for staked assets is relatively short, typically between 3 to 20 days.

Ethereum is a particularly popular example of staking, the second largest and most established cryptocurrency after Bitcoin. Ethereum also serves as the foundation for Decentralized Finance (DeFi), which is why many companies focus their staking projects on this asset.

For more on this topic:

Download the staking report

Planning cryptocurrency implementation: a strategic approach

What aspects must we consider to do this safely and effectively?

Integrating cryptocurrencies into business operations requires a clear and structured implementation plan, like any technological innovation. This process not only initiates organizational and operational changes but also necessitates a shift in mindset within the company.

To create an effective strategy, the implementation plan must address several key questions:

  • What short- and long-term goals do you want to achieve?
  • Will the company limit itself to using cryptocurrencies for payments, or will it adopt a broader strategy?
  • What internal and external collaborations are essential for success?
  • Do current decisions allow for broader adoption of cryptocurrencies in the future?
  • How will you integrate the security needs of the crypto ecosystem with existing corporate cybersecurity policies?
  • What additional resources will be required beyond those currently available?
  • What new skills or tools need to be introduced?
  • How will the implementation roadmap be structured?
  • What processes will be used to monitor progress, transaction execution, and supplier performance?

Before committing to full implementation, many companies choose to conduct a ‘pilot project,’ similar to how they would approach a new technology.

A practical example of cryptocurrency adoption is an internal pilot project managed by the Treasury Department, which oversees the company’s and its subsidiaries internal financing. The process may include:

1. The initial purchase of cryptocurrencies.

2. The use of these resources for peripheral payments.

3. Monitoring transactions, from payment to receipt and revaluation of assets.

This pilot project helps identify opportunities and challenges as a contrasting medium, highlighting the potential benefits and operational difficulties of adopting cryptocurrencies.

The Importance of Training

Team training is essential for the success of any project, regardless of its scale. While many market solutions are designed to be user-friendly, having a basic understanding of the industry enhances the management of digital resources and helps identify new business models.

Young Platform provides B2B training services that assist companies in implementing customized strategies to leverage blockchain technology’s potential. 

Our offerings include:

  • Tailored Courses: E-learning modules that provide a comprehensive sector overview, including current regulations.
  • Vertical Workshops: Specialized training sessions to develop specific skills for dedicated teams, such as legal, tax, or technology.
  • B2B2C Pathways: Targeted training solutions for customers to optimize their use of business services and promote greater adoption.

For more on this topic:

  • Why include blockchain in corporate training

Download the training report

A well-planned implementation of cryptocurrencies can significantly transform business operations, but it requires a thoughtful strategy and a step-by-step approach. By experimenting with a pilot project, investing in team training, and collaborating with experienced providers, you can effectively navigate the challenges and capitalize on the opportunities presented by this innovation. Please contact your account manager to learn which business services best meet your needs.

You might be interested in:

  • Crowdfunding in crypto: all the advantages and how to do it
  • Corporate welfare: what is it and how does it work?

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Bot Only Euro: the solution for accepting crypto payments without tax impacts

Young Platform introduces Bot Only Euro (BOE), an innovative service designed for companies that want to accept cryptocurrency payments without dealing with management complexities. With BOE, cryptocurrencies received are automatically converted into euros, simplifying accounting and minimizing volatility risks.

The growth of digital and international payments

Europe remains a world leader in the overall volume of digital B2B transactions, driven by the adoption of advanced technologies in international payments. However, traditional banking systems often need to improve their speed and cost.

Blockchains for cross-border payments offer an extraordinarily convenient alternative, with costs up to 5,000 times lower than traditional methods and speeds up to 432,000 times faster. Using stablecoins – digital currencies pegged to the value of conventional currencies such as the euro – also guarantees stability and security, eliminating the volatility of classic cryptocurrencies.

Why are stablecoins crucial?

Stablecoins are distinguished from other cryptocurrencies by their stability. For example, 1 USDC equals 1 dollar, while other stablecoins replicate the euro’s value. They are ideal for international payments, making transactions cheaper, faster and more transparent. This makes them perfect for:

  • Cross-border payments without high costs or bank delays.
  • International trade, where unfavourable exchange rates can be an obstacle.
  • Payments in crypto are for NFT purchases, royalties, or digital services.

Bot Only Euro: convert crypto to Euro automatically

Accepting payments in crypto represents a unique opportunity for companies in all sectors, especially in areas such as import-export, where cryptocurrencies can overcome the inefficiencies of traditional banking systems.

Young Platform’s BOE service makes this easier:

  • Automatic conversion: every payment received in cryptocurrencies is converted into euros at the market rate in real time.
  • Flexibility: companies can select which cryptocurrencies to convert or keep in their wallet.
  • Tax stability: The immediate conversion generates no capital gains or losses, thus avoiding additional tax implications.
  • Simplified operation: no more manual crypto sales transactions.

Download the Payments Report

Blockchain payments and speed with Layer 2

Thanks to Layer 2s, such as the Lightning Network, blockchain payments become even faster and more scalable. These systems are ideal for:

  • International remittances with minimal costs.
  • Cross-border B2B payments, ensuring security and scalability.
  • Global micro-payments, where speed is of the essence.

Blockchain payments guarantee traceability, transparency and security that surpass traditional banking systems.

Discover all the services for businesses

The Importance of the BOE for Companies

There are numerous businesses to which the Bot Only Euro is dedicated; just think of import-export. Accepting Bitcoin and other virtual currencies can make foreign trade cheaper. For example, suppose a partner company is based in a non-European country where the currency has an inconvenient exchange rate or whose banking system is inefficient. In that case, payment on the blockchain can circumvent these obstacles.

Companies that choose to accept cryptocurrency payments can reap numerous benefits:

  1. Access to a growing market: The adoption of crypto as a payment method is continuously expanding and is driven by customer demand.
  2. Efficiency in international payments: overcoming the limitations of traditional banking circuits, especially in countries with poorly performing financial systems.
  3. Support for Web3 innovations, such as NFTs, represents a new revenue and digital identity frontier.

The case of NFTs

In 2020, the trend of Non-Fungible Tokens, blockchain-based digital objects that can represent works of art, collectables, or certificates, exploded. Thus, many brands and artists, from fashion houses to singers to video games, have started to create their own collections; these tokens have become a must for brands’ brand identity.

NFTs are usually purchased with cryptocurrencies, which go to the author, i.e., in this case, the company or artist. In addition, they can generate royalties, as they secure the copyright on the blockchain and the corresponding remuneration for the use of the work.

Consequently, any company that issued one or more NFTs could receive cryptocurrency payments and revenues.

How to activate the Bot Only Euro?

Activating the BOE service is simple. To get started, you need to open a Business Account on Young Platform, which allows companies to:

  • Receive cryptocurrencies directly into the corporate wallet.
  • Convert them automatically into euros, simplifying cash management.

To receive cryptocurrency payments on the Young Platform account, any company can simply share its wallet address with the customer. 

Contact the dedicated business services team to discover all the benefits and activate Bot Only Euro. Write to [email protected] and start turning crypto payments into an opportunity for your business now!

Visit the page dedicated to companies, start-ups, non-profit organisations and institutional clients.

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DeepSeek: the Chinese AI that crashed the market

The market collapsed following the launch of the R1 version of DeepSeek, an artificial intelligence developed by a Chinese company. What happened?

Over the past few hours, the markets—particularly the NASDAQ (the index of major technology stocks) and the cryptocurrency index—have fallen sharply. Many analysts believe this reaction is due to the launch of the R1 version of DeepSeek, an artificial intelligence system based on language models similar to Chat GPT.

In particular, the speed with which DeepSeek was developed and its extremely low cost caused a stir, especially considering that the model is free and open-source. According to its developers’ statements, the realisation of DeepSeek R1 required only USD 6 million and two months of work.

DeepSeek: a threat to the United States?

What is the leading cause for concern related to this innovation in artificial intelligence, which has contributed to the recent collapse of technology stocks? It is quickly said: DeepSeek seems to work very well, and the costs to develop it are negligible compared to those incurred, for instance, by Google to ‘train’ Gemini ($191 million) or by OpenAI to release Chat GPT 5 (between $1.7 and $2.5 billion). This disparity doubts the robustness of AI-related stocks’ impressive growth.

The most commonly discussed hypothesis—though it should be cautiously approached is that DeepSeek could revolutionize the artificial intelligence market and significantly reduce the demand for specific hardware components. This could potentially lead to a wave of panic selling. Conversely, some argue that this is merely a narrative, a typical ‘catalyst’ used to explain movements that are actually part of normal market fluctuations.

What about the crypto market?

Cryptocurrencies experienced a decline for two primary reasons. First, there is a notable correlation between the stock market and the crypto market: when one market falls, it often pulls the other down as well. Additionally, some analysts believe that macroeconomic factors are at play. For instance, during the Federal Open Market Committee (FOMC) meeting on January 29, interest rates could remain unchanged or even be increased despite the new president, Donald Trump, advocating for a reduction.

The market and price movements

The Nasdaq index experienced a correction of nearly 4% before the market opened, while NVIDIA stock plummeted over 14% in pre-market trading before recovering slightly at the start of the trading session.

In terms of cryptocurrencies, Bitcoin fell below the significant psychological threshold of $100,000, a level considered crucial support by some analysts, but then recovered. Overall ,sentiment regarding the leading cryptocurrency appears steady. Prominent analysts, including Arthur Hayes, continue to predict a price target for Bitcoin between $180,000 and $250,000 during this bull market. Additionally, it’s worth noting that February has historically been a strong month for cryptocurrencies, with Bitcoin typically averaging a performance increase of around 15%.

Buy Bitcoin!

DeepSeek is not a ‘black swan’

Despite the scaremongering and scapegoating regarding the recent drop in prices, many experts believe that DeepSeek should not be considered a ‘black swan.‘ By definition, a black swan refers to unpredictable and disruptive events—such as wars, pandemics, or the unexpected collapse of key sectors or players—that can radically alter markets for a prolonged period. For example, the black swans of the last cycle were the collapse of the Earth-Moon ecosystem and the failure of the centralized exchange FTX.

In the case of DeepSeek, however, we are dealing with an innovation that, while interesting, is likely already reflected in market prices. This is especially true at a time when artificial intelligence is at the forefront of media and financial discussions. When everyone is warning about a potential bubble, it suggests that the information is already widely known and, therefore, largely anticipated.

As several analysts note on social media, a narrative is often constructed to justify periods of panic or sudden sell-offs. Without concrete evidence of a widespread collapse, the current market correction may merely be a technical adjustment within an overall bullish trend. Focusing on fundamentals and long-term prospects is the most prudent strategy in a market known for its volatility, helping investors avoid being swayed by extreme assumptions or temporary ‘noise.’

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5 things you don’t know about Donald Trump

Donald Trump: 5 Things You Don't Know

Donald Trump is once again the President of the United States. His life encompasses politics, business, and entertainment, revealing aspects you may not know. Discover five interesting facts that make him unique.

On January 20, Donald Trump officially became the 47th president of the United States. He joined Stephen Grover Cleveland, who is the only other person in history to hold the presidency for two non-consecutive terms (in 1885 and 1893). This fact is just one of many interesting facets surrounding the new occupant of the White House.

This leads us to ask: How well do we really know Donald Trump? His well-known ‘rants’ directed at the media and journalists may seem extreme, but they are not as outrageous as they might appear. Trump’s business and political career has been shaped by his often amusing yet undeniably effective communication style. Here are five things about Donald Trump that you probably don’t know:

1. His empire on Coney Island

A portion of Donald Trump’s wealth comes from his father, Fred Trump, who established a modest real estate empire on Coney Island, a peninsula and neighbourhood in southern New York famous for its amusement parks and entertainment options. The apartments built by Donald Trump’s father in the post-war era played a vital role in the current U.S. president’s career, as he secured numerous loans using those apartments as collateral.

2. He invented a spokesman

You may not realize it, but part of Donald Trump’s success comes from his early understanding of the importance of reputation and media presence. To ensure he was constantly in the newspapers and on TV, Trump even created a fictitious spokesman named Barron—an homage to the name he later gave to his son with Melania Trump.

Specifically, he would call newspapers while pretending to be this spokesman, Barron, to share scoops, news, and statements about himself. In essence, he effectively controlled his media narrative and was able to shape public opinion with his own words.

3. He has his star on the Walk of Fame

One of the five things you may not know about Donald Trump is that he has a star on the Hollywood Walk of Fame. He was awarded this honour in 2007 for his contributions to the entertainment industry through the reality show The Apprentice, which established him as an iconic television figure. However, his star has frequently been the centre of controversy and vandalism, particularly during his presidency.

4. He was a regular in the WWE

Before becoming president, Donald Trump made notable appearances in professional wrestling. In 2007, he participated in a WWE storyline that culminated in a memorable scene at WrestleMania 23, where he shaved the head of owner Vince McMahon after winning a match. This event showcased Trump’s eccentric and self-deprecating side and further solidified his presence in the entertainment industry.

5. Marla Maples: ‘The best s**** I have ever done’

The subtitle introducing the last of the five trivia facts you might not know about Donald Trump is certainly reprehensible. It highlights the unique relationship between Donald Trump and the media, particularly newspapers.

The phrase in the headline first appeared in the New York Post on February 16, 1990, shortly after the newspaper revealed Donald Trump’s extramarital affair with Marla Maples, while he was still married to Ivana Trump. It remains unclear whether Trump actually said the phrase, but it seems he encouraged the newspaper to publish it, showcasing his skill in leveraging media coverage to his advantage.Following this, many Americans came to believe that Donald Trump was an incredibly passionate lover. While it is unlikely that this perception significantly benefited his business dealings, it is worth noting that, as the President of the United States has remarked, reputationis everything.

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Important Updates on USDT, DAI, and PAXG: What’s Changing on Young Platform?

Update on USDT, DAI, and PAXG

Changes Following MiCA Regulations

With the introduction of the Markets in Crypto-Assets (MiCA) regulation, we have made several adjustments concerning stablecoins to ensure compliance with European regulations.

Starting from January 31, 2025, deposits and purchases of USDT, DAI, and PAXG will be suspended. These cryptocurrencies must be either withdrawn from our platform or sold by April 1, 2025.

Additionally, we have made changes to the Moneyboxes Vaults and added new trading pairs. Here’s everything you need to know.

Suspension of USDT, DAI, and PAXG Purchases and Deposits

Starting January 31, 2025, users will no longer be able to purchase or deposit USDT, PAXG and DAI on the Young Platform due to non-compliance with MiCA regulations. 

However, if you currently hold these stablecoins, you will have until March 31, 2025, to sell or withdraw them from the platform. 

After April 1, 2025, all selling and withdrawal operations for USDT, PAXG, and DAI will be permanently disabled. We strongly recommend that you close any positions and withdraw your funds from the Young Platform before this deadline.

Cancellation of Open Orders

All active STOP MARKET, STOP LIMIT, and LIMIT orders on the following pairs will be cancelled.

Buy Orders Affected:

  • PAXG-BTC
  • PAXG-EUR
  • USDT-EUR
  • DAI-EUR

Sell Orders Affected:

  • 1INCH-USDT
  • AVAX-USDT
  • BTC-USDT
  • DOGE-USDT
  • DOT-USDT
  • ENJ-USDT
  • ETH-DAI
  • ETH-USDT
  • GRT-USDT
  • LINK-USDT
  • LTC-USDT
  • METIS-USDT
  • MKR-USDT
  • OP-USDT
  • SAND-USDT
  • SOL-USDT
  • SUSHI-USDT
  • TON-USDT
  • WLD-USDT
  • ZK-USDT

Changes to Currency Operations

USDT & DAI:

  • Selling orders from USDT/DAI to Euro will remain active.
  • Buying orders from Euro to USDT/DAI will be disabled.
  • Swaps from USDT/DAI to another cryptocurrency will remain active.
  • Swaps from any cryptocurrency to USDT/DAI will be disabled.

PAX Gold (PAXG):

  • Can still be exchanged for Bitcoin (BTC).
  • Can still be sold for Euro (EUR).

Changes to Moneyboxes Vaults

All PAXG Moneyboxes Vaults and recurring purchases of PAXG, both individual and customized, will be deactivated. Any funds in these Moneyboxes Vaults will automatically be credited to the user’s Main Wallet.

New Trading Pairs Available

To enhance your trading experience, we have introduced new MiCA-compliant markets using USD Coin (USDC) and Euro (EUR):

  • TON-USDC
  • ZK-USDC
  • WLD-USDC
  • ENS-USDC
  • MKR-EUR
  • SUSHI-EUR
  • 1INCH-EUR
  • ENJ-EUR

Stay tuned to our Blog for the latest updates on cryptocurrency regulations.